Chart Patterns
4th historical signal confirmedFor some reason, people keep forgetting that this has happened or are unaware.
So let me repeat.
Dow Jones Industrial Average (priced in gold) gave its 4th historical exit signal.
Signals seen in 1930, 1969 and 2002
Yes, this is the area were recessions are always found.
27/01/25 Weekly outlookLast weeks high: $109,555.48
Last weeks low: $99,643.66
Midpoint: $104,599.57
A new Bitcoin ATH as President Trumps second term officially begins! Just shy of $110K with a much tighter range of $10k from range low to high leaves Bitcoin in a very interesting place going into what has been called the first "pro-crypto" administration.
Now the weekly close is an interesting one as there is a clear sell-off that has continued at time of writing bringing the price down below the weekly low. This has been a common theme in recent weeks as either a bearish SFP of the weekly high early in the week resulting in a sell-off for the remaining days. Or the opposite were a sweep of the weekly low early on results in a recover rally for the rest of the week. As of right now the later is in play but what is causing this sell-off this time?
The AI issue:
The recent headlines have been that the US wants to win the AI war and be the dominant force in what is possibly the most important product of the future. OpenAI, Grok, Meta etc all have AI products and services and the US government hope that by backing these companies the US can be the victors of this race. However, the game has changed with the release of "DeepSeek R1" a chinese AI competitor with some remarkable attributes that has the US stock market very worried as reflected in the pre-market.
DeepSeek R1 was reportedly built for $6m, now this is a Chinese company and therefor any numbers should be taken with a pinch of salt but OpenAI has raised $17.9B for ChatGPT and many now see DeepSeek as a superior product in many ways:
- Less GPU intensive due to a more efficient and streamlined model, this is mainly why NVIDIA pre-market is down 11% at time of writing, investors are seeing that perhaps US companies have overblown the demand for GPU's as the product they are making is not optimised in comparison.
- Considerably cheaper due to this streamlined approach, personally this is a symptom of how America has been operating as a nation since the pandemic, a severe lack of efficiency made up for by throwing insane amounts of capital at the problem with no thought as to where the money comes from (printed via QE & tax payer funding). DeepSeek just proved why Trumps planned approach of getting value for money and increasing efficiency is a winning formula, anything else is unsustainable.
- Open source code, we would expect the company called OpenAI that was founded on the basis of transparency and the mission to do good as a non-profit would be the product that has publicly available code, but no that would be DeepSeek... This further compounds just how out of touch the US based AI companies have got, the quest for revenue has taken over as the mission goal, which in the case of AI is very dangerous.
To conclude the AI problem, the Chinese AI product is cheaper, more efficient and more transparent that current US based products and that is why indirectly BTC took a tumble.
On the data news this week FOMC is on Wednesday, the forecast is for interest rates to remain unchanged however the volatility of FOMC often leads to interesting price action, this could be another reason for the sell-off as de-risking takes place.
For this week I am looking at using the chaos to find goo d long entries, I still think that Feb-March looks good until I have reason to think otherwise. Weekly low is a key S/R level that will determine by bias in the short term until then.
TL;DR
- DeepSeek R1 worrying investors of US AI companies as the Chinese AI product is far cheaper, more efficient and more transparent. US stocks down on pre-market.
- FOMC midweek, first of Trump admin, volatility expected.
- Weekly low key S/R level for BTC
Chips No Longer Power Hungry?With news of DeepSeek overnight hitting semi-conductors, is there all of a sudden less need for power? Well if there is then the first place I typically go is ERY. This ETF trades as a Bear 2x leveraged ETF to XLE. This means that for every penny XLE goes down, ERY goes up two pennies... Developing situation here so will watch this one closely!
SOL/USDT 1H: Bulls Building Momentum for a $244 Retest!!SOL/USD 1H Chart Analysis
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Current Price: $235
Market Structure:
Bearish momentum after breaking key support at $244.
Potential bottoming formation visible at current levels.
Smart Money Analysis:
Accumulation Zone: $220-$230 with heavy institutional volume.
RSI: Hidden bullish divergence forming (lower lows in price, higher lows in RSI).
Market makers appear to be accumulating for the next upward move.
Key Levels:
Resistance: $244, $252, $268.
Support: $220, $228.
Trade Setup (Confidence Level: 8/10):
Entry Zone: $232-$235.
Targets:
T1: $244
T2: $252
T3: $268
Stop Loss: Below $220 (accumulation zone).
Risk Score: 6/10 (moderate risk due to market volatility).
Recommendation:
Long position recommended with tight risk management.
Watch for confirmation above $238 to increase confidence in bullish continuation.
Volume and price action at $244 will be key to determining the strength of the breakout.
Confidence Level: 8/10 for bullish reversal potential.
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EUR-CAD Strong Breakout! Buy!
Hello,Traders!
EUR-CAD is trading in an
Uptrend and the pair has
Made a bullish breakout of
The key horizontal level
Of 1.5041 and the breakout
Is confirmed so we are
Bullish biased and we
Will be expecting a further
Bullish move up
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
#GALA/USDT Ready to go up#GALA
The price is moving in a descending channel on the 1-hour frame and is adhering to it well and is heading to break it strongly upwards
We have a bounce from the lower limit of the descending channel, this support is at a price of 0.02690
We have a downtrend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 0.02900
First target 0.03073
Second target 0.03252
Third target 0.03440
SOLUSDT to 283After a retest to the previous External Structure resistance which is now support on a daily Timeframe there's an high probability to re-test the Reistance one more to clear out liquidity on 4HR TF which the internal resistance as been tested 3time now before breaking to support to the External Structure Support now expexting a pull back to cleae the internal liquidity to the upside.
XAUUSD 4H CHART (NEW ATH?)Hello Traders!
On 4H chart we have BOS of Bullish move which confirm the more buying opportunity,
Along with this we have a positive trend line which also shows as the bullish pattern
we can take entry now 2758
TP 2800 (420 Pips)
Sl 2734
USE PROPER MONEY MANAGMENT
BEST IF LUCK
WE WILL TAKE THIS SNIPER SHOT
BTCUSD BEARISH SCANARIO [Read Caption]Hello Followers I am going to publish technical setup of BTCUSD, So share your opinion in comments about my analysis..
BTCUSD has touched the support very well and now going up now, According to me BTCUSD now will reach to the resistance and then start falling again to the mentioned targets in the chart, If BTCUSD break the first resistance then it will fall from the next resistance that is identified in the chart. BTCUSD can fall till the first target 97300 and then if it break it then will reach to the second target around 92000..
KEY POINTS:
CURRENT PRICE 101300
1ST RERSISTANCE 101500/102500
2ND RESISTANCE 104500/105400
TARGETS:
1ST TARGET 97300
2ND TARGET 92000
feel free to support my charts and also share it with your friends if you love my charts..
Gold - 15 min ( Gentle Buy and Sell Scalping After Break Out )In the context of the FXCM Gold market analysis, significant key levels have been identified on the 15-minute time frame. A bullish indication is present following a breakout above the key level at the 2771 area, accompanied by high trading volume. Conversely, a bearish scenario is anticipated should the price breach the key level at the 2755 area, also supported by increased volume. We prioritize delivering the most accurate trading opportunities and analyses, emphasizing precision rather than mere numerical data.
⚡️Gold / FXCM
Best Break Our / Key level's 15m Tf
🚨Bullish After Break key level + High Volume / 2771 Area
🚨Bearihs After Break key level + High Volume / 2755 Area
⚡️ We Only Sent Most Accurate Opportunity and Analysis 💲 Not by Number ..+
Anticipated ZEN Drop Hits Target – Long Now?The anticipated drop I was watching has played out, providing excellent long setups across many coins, including ZEN. ZEN retraced perfectly to the POC at $17.07, aligning with the fib retracement 0.85
This confluence makes it an ideal long setup, offering great potential gains
Long Entry: $17.3
Target 1: $21 (R:R 2.5)
Target 2: $27 (R:R 6)
GBP/JPY Tests Resistance Zone: Breakout or Rejection?GBP/JPY Analysis:
Trendline Support: The price is forming higher lows (HL), with the trendline providing strong support, maintaining a bullish structure.
Resistance Zone : A key resistance zone between 197 and 199.5 has caused multiple rejections (1, 2, 3), indicating a strong supply area.
Next Move: If the price retests the resistance zone and faces rejection, it may form HL5 near the trendline before another potential breakout.
GBPJPY LONGHarmonic Pattern Trading Strategy:
1. Combine patterns with 2-3 confirmations (e.g., MA, BB, RSI, Stoch) for increased accuracy.
2. Implement proper risk management.
3. Limit exposure to 3% of capital per trade.
4. Exercise caution: Not every Harmonic Pattern presents a good trading opportunity.
5. Conduct thorough diligence and analysis before trading.
Disciplined approach = Enhanced edge.
XAU/USD : Get Ready for more correction before the next bullrun!Analyzing the gold chart on the 4-hour timeframe, we observe that in the last trading day of the previous week, before attempting to establish a new high, the price faced a correction from the $2786 level and has since declined, reaching as low as $2747. Currently, gold is trading around $2761, and if the price stabilizes below $2780, we can expect further corrections.
The potential targets for this decline are $2756, $2751, and $2747, respectively. This analysis will be updated soon!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
BTC will keep dropping....don't be fooled We saw a nice dip yesterday and through the night. Guess what? It's not over! Follow the TAs, spike, and the historical trends. Expect bigger dips with more volatility at least through low 90s.
Due your own due diligence, and be careful! MSTZ / BTCZ (inverse)!!!